Rick’s Featured Trade Ideas

SQM/Long (Basic Materials)  In the SQM chart,  there was a bullish morning star in late July followed by a bullish T-Line run, and then in late August, I can see a bullish belthold with a gap then followed by a bullish T-Line run that topped out at the 100 SM with a Shooting Star.  Profit-taking took place with a flag and a set of Doji’s creating a PBO.   Yesterday’s bullish candle is now painting a bullish J-Hook breakout.  Note the gap back in mid-June.

Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

SQM Profits through education Sept. 17
Possible entry plan idea:   The buy zone $Members
Possible stop plan idea:   Below $Members
Risk Reward 3.5:1 depending on entry/exit/Stop

This is the place you ought to be!
**AU member’s trade idea on Aug 19, up 17%
**CBLI member’s trade idea on July 17, up 27%
AMBA member’s trade idea on Sept. 2, up 24 %
ACI member’s trade idea on August 28, up 265 %
VXX member’s trade idea on August 28, up 66 %
UVXY member’s trade idea on August 19, up 203%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
**FTK  member’s trade idea on July 10, up 51%
ANAC member’s trade idea on July 10, up 70%
**EXEL member’s trade idea on July 17, up 60%
**Moved higher yesterday for more profit

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One of the member’s trade ideas yesterday,  UWTI up 15.84%.

SPY:  Today’s the big day.  Will the rate change or not?  Yesterday, the SPY finally broke out of our $199.30 resistance line closing at the 34-exponential moving average.  Yesterday’s close also got into the December and January 2015 resistance area.  It will be interesting to see what the Bulls do with this and how the bears react.  The next achievement for the SPY will be to fight its way to $204.00 or about the 50-day simple moving average.

IWM:   Well done.  IWM closed over our mark and was a bullish move.  The next target for the Bulls will be $119.25 or the 50-day simple moving average.
SMH:  SMH fared quite well yesterday walking right into the bear camp, and the question now is will the bears eat them alive.
IYT:   The transports are flirting with the downtrend line, and a breakout would allow the transports a trip to the 200-day simple moving average.
VXX:   The VXX has pulled back and is now nearing support let’s see how this affects the market today

This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!

To see all of today’s trade ideas Click Here

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

IYT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

US Dollar Index: UUP, DXYO A close above the  T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.